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Basic mistake we make
in
Allgemein
May 07, 2022 at 06:15
Becoming too emotional about money and not understanding the market properly are the most common mistakes traders make.
There is a proverb that practice
in
Allgemein
May 05, 2022 at 04:14
Practice, indeed, makes a trader perfect. And this is what’s gonna help in the longer run.
Whats your opinion on the most important aspects of a trading system
in
Erfahrene Trader
May 05, 2022 at 04:13
Becoming too emotional about money and not understanding the market properly are the most common mistakes traders make.
The fear of losing opportunity
in
Allgemein
May 03, 2022 at 11:52
The fear of losing opportunity is quite common. To overcome this fear, you must always have a positive attitude and prevent being influenced by the emotion of fear, as the market is quite volatile.
When a trader is a newbie
in
Allgemein
May 03, 2022 at 11:52
When a trader is new to the market, the first priority should be learning, since there is no way to profit in the forex market without it. A trading course on Babypips is also a good option for new traders because it provides accurate and genuine information. They can also get knowledge by practising on a demo account.
Books or Videos - Which one is better for learning?
in
Neue Trader
Apr 29, 2022 at 11:25
Actually, it varies from person to person. Some are good listeners, while others learn quickly by reading books. I personally prefer watching videos and practising on demo account.
Different approaches of trading
in
Allgemein
Apr 29, 2022 at 11:24
Day trading, position trading, swing trading, and scalping are some of the popular trading approaches one can follow but if you are a beginner then I would suggest swing trading strategy as it focuses on taking smaller gains in short term trends and cutting losses quicker.
7 Benefits of using stoplosses
in
Allgemein
Apr 28, 2022 at 10:21
Stop loss helps you to cut your losses and insures you against big losses in the market.
MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners
in
Allgemein
Apr 28, 2022 at 10:20
Both MT4 and MT5 offer excellent user interfaces but imo, MT4 comparatively is simpler and easier to use.
What makes one a Professional Trader?
in
Allgemein
Apr 27, 2022 at 07:40
Discipline, patience, adaptability to the market behaviour, and good knowledge of the market make one a professional trader.
Fear is the greatest reason
in
Allgemein
Apr 27, 2022 at 07:38
Yes I agree, fear is one of the major reasons for losing in forex trading. The best way to overcome fear is to not get way too emotional because trading is not possible without taking any risk.
Can you borrow money from the bank to trade forex?
in
Allgemein
Apr 27, 2022 at 07:37
Imo, It is preferable not to borrow money from the bank to trade forex, the rest is up to the trader.
Is trading hard?
in
Allgemein
Apr 26, 2022 at 06:53
Indeed, trading is hard especially for newbies because they don’t have proper knowledge of the market.
What are the popular Techniques for Forex trading?
in
Allgemein
Apr 26, 2022 at 06:51
Some popular techniques for forex trading are-1. Trend Trading Strategy2. Scalping3. Position trading
5 Things I have learned in 5 years of trading!
in
Allgemein
Apr 25, 2022 at 10:04
1. Patience is the key2. To limit the risk, stop loss is the best tool.3. Developing a strategy and sticking to it.4. Analysing charts to understand price movements.5. Accepting failures gracefully
Basic mistake we make
in
Allgemein
Apr 25, 2022 at 10:02
In my opinion, the basic mistakes newbies usually make are-1. Trading without a trading plan.2. Going for live trading without practising on a demo account.
Is a demo account really neccassary?
in
Neue Trader
Apr 23, 2022 at 09:35
Yes, it is definitely necessary and beneficial for new traders to get familiar with the platform because it gives a real-life trading experience. Also, it is risk-free, with no real capital involved, and the best tool to develop various skills and strategies.
Newcomers and demo trading
in
Allgemein
Apr 23, 2022 at 09:31
Initially, many traders start with demo trading because it is a safer and more convenient way to learn how to trade from the inside. One can learn in a better way because it gives a real-life trading experience and is risk-free.
To shine in forex
in
Allgemein
Apr 23, 2022 at 09:30
To shine in the forex market, proper knowledge and skills are required. It is very important to learn the basics and practice on a demo account. Then only we’ll have a better understanding of the market and the platform.
Is trading hard?
in
Allgemein
Apr 22, 2022 at 10:19
Trading is hard for those who don’t have a strategic plan so it's advisable for new traders to always begin their learning with a demo account.
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